Crawford Corporation had pretax income of $900,000 in 2020. In 2020, two (2) temporary differences originated...

 

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Crawford Corporation had pretax income of $900,000 in 2020. In 2020, two (2) temporary differences originated for Crawford as shown below. Item C For tax, revenue of $100,000 in 2020; For book, revenue of $35,000 in 2020, $40,000 in 2021 and $25,000 in 2022. Item D For tax, expense of $200,000 in 2020; For book, expense of $70,000 in 2020, $110,000 in 2021 and $20,000 in 2022. Crawford Corporation had pretax income of $600,000 in 2021. The income tax rate is 20%. All temporary differences reversed as expected. Required What are income taxes payable for as a result of taxable income in 2021 ? Required What are income taxes payable for as a result of taxable income in 2021 ? 114,000 130,000 106,000 102,000 138,000 110,000 126,000 134,000 Crawford Corporation had pretax income of $900,000 in 2020. In 2020, two (2) temporary differences originated for Crawford as shown below. Item C For tax, revenue of $100,000 in 2020; For book, revenue of $35,000 in 2020, $40,000 in 2021 and $25,000 in 2022. Item D For tax, expense of $200,000 in 2020; For book, expense of $70,000 in 2020, $110,000 in 2021 and $20,000 in 2022. Crawford Corporation had pretax income of $600,000 in 2021. The income tax rate is 20%. All temporary differences reversed as expected. Required What are income taxes payable for as a result of taxable income in 2021 ? Required What are income taxes payable for as a result of taxable income in 2021 ? 114,000 130,000 106,000 102,000 138,000 110,000 126,000 134,000

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